Airbus Wins Order for 65 Single-Aisle Planes from SMBC
January 21 2019 - 2:44AM
Dow Jones News
By Robert Wall
DUBLIN--Airbus SE (AIR.FR) on Monday said it has won an order
for 65 single-aisle planes, signaling that pressure to boost output
of its popular narrowbody planes remains despite growth concerns
because of global trade tensions and economic slowdowns in two of
the biggest jetliner markets, China and India.
Airliner-leasing company SMBC Aviation Capital Ltd. said it
would buy a mix of A320neo and A321neo planes valued at more than
$7 billion before industry-standard discounts.
SMBC Chief Executive Peter Barrett, already a A320neo customer,
said airline demand for those planes remains healthy.
"We see good demand for them for the medium to long-term," he
said.
SMBC is already signing up rental agreements with airlines for
A320neo planes not due for delivery from Airbus until 2021. Plane
deliveries under the new order take place between 2023 and 2025,
the lessor said.
Write to Robert Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
January 21, 2019 02:29 ET (07:29 GMT)
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